Long term and Intermediate Time Cycles moving into directional alignment point towards A seasonal Low on the SP500 between the 22nd - 24th May 2012 . Calculating potential price points is a little bit more complex but as we approach this two day window we will be in a better position to more accurately gauge a support level . 1280 presents itself as an important area and here are a frew reasons why . October 4th 2011 low 1073 square root = 32.75 + 3 squares = 1278 ( 3 squares up from low ) . March 27th 2012 high 1424 square root = 37.73 - 2 squares = 1277 ( 2 squares down from low ) . Price is trading below the 45 degree angle from October 4th 2011 Low and a 1x4 angle projected May 2nd May 2011 high 1376 will intersect 1279 between the 22nd - 24th May which could also provide additional technical evidence . By examining past movents we can see that the downswing from October 27th 2011 - Nov 25th 2011 point measured 137 points . Projecting 137 points below the March 27th 1424 level equals 1288 zone . 1282 is five revolutions ( 360 degrees ) above 666 March Low 2009 and also on the same longitudal degree . 1279 is 180 degrees anglo or opposite 1073 Oct 4th 2011 Low 1277 price is one full revolution down and on the same longitudal degree as 1424 High on the 27th March 2012 . so examing the evidence the area between 1277 - 1280 could turn out to be quite an important support zone . if price action consolidates around this zone this could confirm 22 - 24th May as Seasonal Low point .
